Refer to the table and answer the following questions below with detailed explanations:

a. Based on the most recent figures, which of the following categories of industry classifications has the greatest profits?

• Financial or nonfinancial
• Manufacturing, transportation and warehousing, wholesale trade, or retail trade
• Durable goods or nondurable goods

b. During the past years, which sectors had the largest and smallest percentage increase in profit?

c. Which sectors, if any, experienced losses?

d. What are the implications of the profit changes for expansion or contraction of the particular industries?

Table 6.16D. Corporate Profits by Industry [ Billions of dollars] Seasonally adjusted at annual rates Last Revised on: June 29, 2023 - Next Release Date July 27, 2023 2021 2021 2021 2021 2022 2022 2022 2022 2023 Line Q1 Q3 04 Q1 Q2 Q3 04 Q1 Corporate profits with inventory valuation and 2,588.2 2,786.8 2,843.5 2,865.9 2,869.6 3,001.3 3,000.0 2,939.5 2,818.1 capital consumption adjustments 2 Domestic industries 2,152.8 2,407.1 2,431.8 2,443.2 2,432.7 2,538.9 2,553.2 2,471.3 2,359.1 Financiall 459.1 516.9 535.6 537.1 510.3 464.3 462.5 403.6 394.2 Nonfinancial 1,693.7 1,890.2 1,896.2 1,906.0 1,922.4 2,074.6 2,090.7 2,067.8 1,964.9 5 Rest of the world 435.4 379.7 411.7 422.7 436.9 462.3 446. 468.2 459.0 6 Receipts from the rest of the world 344.7 850. 887.2 895.0 912.1 968.2 969.1 976.3 985.8 Less: Payments to the rest of the world 109.3 471.0 475.5 472.3 475.2 505.8 522.3 508.1 526.8 Corporate profits with inventory valuation 2,883.1 2,951.8 3,001.4 3,081.6 3,238.2 3,208.5 adjustment 2,688.6 3.252.7 3,288.0 9 Domestic industries 2,253.2 2,503.4 2,540.1 2,578.6 2,644.7 2,790.4 2,841.2 2,770.0 2,749.5 10 Financial 530.4 587.5 608.3 613.6 593.4 552.4 555.8 497.6 499.4 11 Federal Reserve banks 82.1 113.5 128.4 128.5 142.7 130.7 42.5 -60.2 -130.2 12 Other financial2 448.3 474.0 479.9 485.1 450.7 421.8 513.3 557.7 629.6 13 Nonfinancial 1,722.8 1,915.9 1,931.8 1,965.0 2,051.3 2,237.9 2,285.3 2,272.4 2,250.0 14 Utilities 28.7 17.4 24.6 23.6 26.2 27.9 36.0 27.8 32.2 15 Manufacturing 387.8 427.6 457.7 514.9 548.1 616.9 635.7 664.4 657.4 16 Durable goods 262.0 260.8 285.2 292.9 332.7 359.9 358. 381.9 373.5 17 Fabricated metal products 30.0 22.5 27.0 30.9 42.0 44.0 48.1 56.3 55.7 18 Machinery 33.6 27.7 30.9 29.7 38.7 46.1 53.3 64.8 61.8 19 Computer and electronic products 104.8 108.2 101.0 102.0 112.0 108.8 97.1 91.3 93.6 20 Electrical equipment, appliances, and 8.7 5.8 7.3 5.0 7.7 8.7 10.1 11.7 11.0 components 21 Motor vehicles, bodies and trailers, and parts 2.8 -1.7 4.1 12.4 19.1 26.7 32.3 39.5 38.6 22 Other durable goods3 82.0 98.3 114.8 112.9 113.2 125.5 117.4 118.2 112.8 23 Nondurable goods 125.8 166.8 172.5 222.0 215.4 257.0 277.4 282.5 283.9 24 Food and beverage and tobacco products 72.5 69.0 64.2 67.1 55.2 58.6 65.8 72.0 75.4 25 Petroleum and coal products -26.2 -5.5 -5.2 10.1 11.3 49.7 67.1 59.0 56.5 26 Chemical products 44.6 73.6 82.8 106.2 102.3 99.4 98.2 106.6 105.2 27 Other nondurable goods4 34.9 29.7 30.8 38.6 46.5 19.3 46.3 44.8 46.8 28 Wholesale trade 136.7 154.1 170.3 176.0 190.3 184.9 229.8 234.1 215.4 29 Retail trade 308.9 336.3 301.5 298.5 297.3 307.4 312.0 321.8 340.1 30 Transportation and warehousing 74.6 108.9 94.9 96.8 89.4 124.4 121.6 114.5 113.5 31 Information 152.0 166.0 159.2 159.4 161.7 151.8 152.4 161.5 170.4 32 Other nonfinancial5 634.1 705.5 723.5 695.8 738.3 824.6 797.8 748.4 721.1 33 Rest of the world 435.4 379.7 411.7 422.7 436.9 462.3 446.8 468.2 459.0